Student Loan Garnishment Episodes

What Happens When Student Loans Go Into Default? Missing payments on federal student loans can trigger serious consequences. After 270 days of nonpayment, loans enter default status — which can lead to: • Wage garnishment • Tax refund seizure • Social Security offsets • Damaged credit • Collection fees In this episode, we explain what default means and how to protect your income before enforcement begins. What You’ll Learn • When a loan officially enters default • How wage garnishment...

Student Loan Garnishment Returns in 2025 — Are You at Risk? Federal student loan collections officially resume on May 5, 2025. After a five-year pause, millions of borrowers — including nearly 10 million in default — face the risk of: • Wage garnishment (up to 15%) • Tax refund seizures • Social Security offsets With 42.7 million Americans carrying $1.6 trillion in student debt, this policy shift affects households nationwide. This episode explains what is happening and how to protect your ...

Can Defaulted Student Loans Reduce Your Social Security? Yes — and many retirees are finding out the hard way. After the pandemic pause ended, federal student loan collections resumed. Through the Treasury Offset Program (TOP), the government can withhold up to 15% of your monthly Social Security benefit. In some cases, that can leave recipients with as little as $750 per month. This episode explains what’s happening — and what you can do immediately to protect your income. What You’ll Lear...